Cement, Grady County, Oklahoma Property Taxes
Median Cement, OK effective property tax rate: 0.80%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median Cement, OK home value: $104,053
Median annual Cement, OK tax bill: $792, $1,608 lower than the national median property tax bill of $2,400.
How are property taxes in Grady calculated?
Property taxes in Cement, OK are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Cement’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cement, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Cement, Grady County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.8%
Estimate Property Tax Bill
$832
$772
Property Tax Rates Across Cement, Grady County, Oklahoma
Local government entities, such as those in Oklahoma, establish tax rates that can differ significantly across the state. This variation is due to each county's annual budgetary needs, which are determined by estimating the total cost required to provide essential services. This budget is then divided by the total value of all taxable property in the county, resulting in the property tax rate. While the process involves voting and legislation, this is the fundamental approach to setting property taxes each year.
In Cement, located within Grady County, the effective property tax rate is reflective of the county's fiscal strategy. When compared to other cities in Oklahoma, Cement's rate provides insight into the local government's approach to balancing service provision with taxpayer contributions. Furthermore, by comparing Cement's tax rate to the median rates in Oklahoma and the U.S., residents can gauge how their local taxes measure up on a broader scale. This comparison not only informs property owners but also empowers them to engage in discussions about fiscal policy and community priorities.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Cement Tax Rate
0.80%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Grady County Tax Rate
1.03%
Median Effective Oklahoma Tax Rate
0.97%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cement, Grady County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73017 | 0.37% | 0.54% | 0.80% | 1.02% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Cement, Grady County, Oklahoma
When examining property taxes in Cement, Oklahoma, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Grady County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Grady County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Cement. For example, the median home price in Cement is $104,053, with tax bills ranging significantly across the county. Zip code 73017 has the highest median home price at $104,053.
Property Tax Assessment Values Across Cement, Grady County, Oklahoma
Source: Ownwell
$61,941
$135,272
$208,602
Median Cement Market Value
$104,053
Median Grady County Market Value
$126,704
Median Oklahoma Market Value
$137,280
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cement, Grady County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73017 | $50,151 | $72,248 | $104,053 | $147,886 | $204,964 |
Source: Ownwell
Property Tax Bills Across Cement, Grady County, Oklahoma
Median Cement Tax Bill
$792
Median Grady County Tax Bill
$1,186
Median Oklahoma Tax Bill
$1,269
Median United States Tax Bill
$2,400
Property Tax Bills Across Cement, Grady County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73017 | $238 | $441 | $792 | $1,333 | $2,080 |
Source: Ownwell